SLR Investment (NASDAQ:SLRC – Get Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.
A number of other equities research analysts also recently commented on SLRC. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLR Investment in a research report on Monday, October 26th. Zacks Research upgraded SLR Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, B. Riley Financial lowered shares of SLR Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.10.
View Our Latest Analysis on SLR Investment
SLR Investment Price Performance
Shares of SLRC stock opened at $11.63 on Friday. SLR Investment has a 1 year low of $10.96 and a 1 year high of $16.36. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. The firm’s 50 day moving average is $11.87 and its 200-day moving average is $13.42. The firm has a market capitalization of $634.53 million, a price-to-earnings ratio of 8.61 and a beta of 0.69.
SLR Investment (NASDAQ:SLRC – Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. SLR Investment had a return on equity of 7.96% and a net margin of 35.20%. The company had revenue of $20.50 million during the quarter, compared to analyst estimates of $48.82 million. Sell-side analysts forecast that SLR Investment will post 1.31 EPS for the current fiscal year.
Insider Activity at SLR Investment
In related news, insider Michael Gross acquired 20,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average price of $12.35 per share, for a total transaction of $247,000.00. Following the completion of the purchase, the insider directly owned 4,065,153 shares of the company’s stock, valued at $50,204,639.55. The trade was a 0.49% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SLRC. Thornburg Investment Management Inc. boosted its holdings in shares of SLR Investment by 1.6% during the 2nd quarter. Thornburg Investment Management Inc. now owns 4,708,772 shares of the financial services provider’s stock valued at $58,248,000 after buying an additional 75,341 shares in the last quarter. Sound Income Strategies LLC lifted its stake in SLR Investment by 7,441.0% in the 3rd quarter. Sound Income Strategies LLC now owns 1,629,154 shares of the financial services provider’s stock worth $18,735,000 after purchasing an additional 1,607,550 shares in the last quarter. Van ECK Associates Corp boosted its position in SLR Investment by 24.8% in the 2nd quarter. Van ECK Associates Corp now owns 1,104,114 shares of the financial services provider’s stock valued at $13,658,000 after buying an additional 219,110 shares during the period. Legal & General Group Plc acquired a new stake in shares of SLR Investment in the 2nd quarter worth $5,516,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of SLR Investment by 0.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 378,888 shares of the financial services provider’s stock valued at $5,422,000 after purchasing an additional 1,619 shares during the period. 35.32% of the stock is currently owned by institutional investors and hedge funds.
About SLR Investment
SLR Investment Corp. (NASDAQ: SLRC) is a business development company that provides financing to middle-market companies, primarily in the United States. The company seeks to support businesses that may have limited access to traditional bank financing by investing in a range of debt and equity securities.
Its investment activities generally focus on senior secured loans, subordinated debt, mezzanine investments and equity interests. SLR Investment typically partners with private equity sponsors and company management teams, providing capital for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.
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